Container handling through the Port of Virginia climbed 9% on a year earlier, breaking two months of declines. Import growth of 14% was the fastest rate of expansion since January 2017 and beat the national average of just 2%. That may simply reflect a lower than average exposure to Asia, with China and Taiwan being 36% of volumes vs. 42% nationally. Despite that, the weaker start to the year meant first quarter imports only rose 7%, leading to more aggressive competition between the container-lines. In that regard Maersk was the winner with a 12% increase in volumes, while the Japanese ...
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